Group (LON:MONY) Share Price Passes Above 200 Day Moving Average of $188.83

Shares of Group PLC (LON:MONYGet Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 188.83 ($2.28) and traded as high as GBX 195.40 ($2.36). Group shares last traded at GBX 188.20 ($2.27), with a volume of 789,936 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Shore Capital restated a “buy” rating on shares of Group in a research report on Thursday, July 21st. Berenberg Bank reiterated a “buy” rating and issued a GBX 275 ($3.32) price objective on shares of Group in a report on Monday, July 25th. Barclays upped their price objective on Group from GBX 220 ($2.66) to GBX 230 ($2.78) and gave the company an “equal weight” rating in a report on Friday, July 22nd. Finally, Royal Bank of Canada upped their price objective on Group from GBX 210 ($2.54) to GBX 230 ($2.78) and gave the company a “sector perform” rating in a report on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Group currently has an average rating of “Moderate Buy” and an average target price of GBX 265.83 ($3.21). Group Stock Down 1.2 %

The company has a debt-to-equity ratio of 42.68, a current ratio of 0.76 and a quick ratio of 0.71. The company has a market capitalization of £1.01 billion and a price-to-earnings ratio of 1,710.91. The firm has a 50-day moving average price of GBX 201.33 and a two-hundred day moving average price of GBX 188.83. Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, July 28th were given a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date was Thursday, July 28th. This represents a dividend yield of 1.55%. Group’s dividend payout ratio is currently 106.45%.

About Group

(Get Rating) Group PLC, together with its subsidiaries, provides price comparison website in the United Kingdom. The company operates through Insurance, Money, Home Services, Travel and Cashback segments. It offers online and app-based tools to save money on their household bills across insurance, money, and home service channels under the MoneySuperMarket brand; and compares travel deals, including holidays, car hire, flights, and hotels under the TravelSupermarket brand.

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